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Mar 21, 2013
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crucible is $17 trillion in debt, 14 million people unemployed, 42 out of 50 states are facing a budget deficit. and to be honest there is very little leadership coming out of washington. so i think what i tried to do is raise these issues with civility, whether you're republican or democrat, we're all americans. and i think we deserve more. we deserve better. and washington really needs to help us create the kind of leadership and decision making by putting their feet in the shoes of every day americans. that's not what's going on. >> you recently were speaking at the national retail federation and you said that the lack of leadership in washington, i just want to quote you, because i thought it was beautifully said, is sapping the life blood, the soul and the confidence of our country as the world witnessed a lack of leadership in the united states. is that message ever going to get through? are we reaching a point where you say i grew up poor, i became wealthy, i was able to start a company and it's not going to be able to happen to people in the next generation? >> i think you're bringing u
crucible is $17 trillion in debt, 14 million people unemployed, 42 out of 50 states are facing a budget deficit. and to be honest there is very little leadership coming out of washington. so i think what i tried to do is raise these issues with civility, whether you're republican or democrat, we're all americans. and i think we deserve more. we deserve better. and washington really needs to help us create the kind of leadership and decision making by putting their feet in the shoes of every day...
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Mar 19, 2013
03/13
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what is it to mean the knowledge of the deficit of experience? but i do think from what -- the key factor he definitely sees that his goal is israel be a normal western country. the middle class has a better quality of life. but he said that the road to that is dealing with the pam issue -- palestinian issue. everything else you have to work it out. i don't know though you know what that means. you have bennett gave an interview or somewhere quoted in an column when a reporter asked him about it he said i have no clue. it's guy on the inner circles of israel and said he has no clue. i wonder how the constellation is going configure i.t. i hope that a lot of foreign diplomats, you know, it's in europe or our country, united states, we spend lot of time with the new people sitting around the table. i think the central factor. i don't want to go too much to the weekends. the central factor is the two guys, bennett and will peed blank and con convinced that they can break that alliance the day after the election and do it to the front door, the side
what is it to mean the knowledge of the deficit of experience? but i do think from what -- the key factor he definitely sees that his goal is israel be a normal western country. the middle class has a better quality of life. but he said that the road to that is dealing with the pam issue -- palestinian issue. everything else you have to work it out. i don't know though you know what that means. you have bennett gave an interview or somewhere quoted in an column when a reporter asked him about...
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Mar 19, 2013
03/13
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the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must be by default the cause of others' hardships. this type of glass warfare, demagoguery as it is, is harmful to america and our future. it seeks and does divide america. the budget presented by the deficit majority is partisan business as usual. it will tax success by adding another trillion dollars. it increases government spending, it ignores the subject of our health care entitlements, and this whole approach is simply not good for advancing america's economy. it places no priority on ever bringing our budget into balance the deficit majority speaks at length about growing the economy and creating a
the budget presented by the deficit majority makes no effort to reduce deficits, reduce spending, balance the budget or grow the economy. instead, this budget seeks to grow government by taxing more and spending more. it's time that we all recognize that government exists to serve the needs of the people rather than people serving the needs of their government. there are some who believe that government is the only creator of economic prosperity, and if others have achieved success, they must...
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Mar 19, 2013
03/13
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what will that knowledge and deficit of experience mean? he definitely sees that his goal is that israel be a normal country than the middle class has a better quality of life, it sounds familiar to people here. the road to that is dealing with the palestinian issue. everything has to work this out. i don't know what that means. and it gave an interview and was quoted, when the reporter asked him about iran, he said, i have no clue. this is a guy on the inner sanctum of israel. he says, i have no clue. i just wonder how this constellation is going to configure itself. i would hope that a lot of time, the foreign diplomats, whether it is in europe, our country, that we spend a lot of time with these new people then be sitting around the table. the central factor, i don't want to go to mention the weeds, these two guys, bennet and lapid have the central access to the government. he is convinced to break that alliance the day after the election. he will do it and get a government more to his liking where he can keep his base. he found out that
what will that knowledge and deficit of experience mean? he definitely sees that his goal is that israel be a normal country than the middle class has a better quality of life, it sounds familiar to people here. the road to that is dealing with the palestinian issue. everything has to work this out. i don't know what that means. and it gave an interview and was quoted, when the reporter asked him about iran, he said, i have no clue. this is a guy on the inner sanctum of israel. he says, i have...
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Mar 20, 2013
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and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand bargain but i'm skeptical we would have one. give we give away money, about $1.2 trillion. everyone knows the tax code is a mess. economically inefficient. stacked off in times against the middle class. so if we can clean up the tax code that would be beneficial. second, healthcare issue is a very serious one. medicare costs are coming down but there's a demographic that awaits us. 10,000 folks a day are going on to medicare and it is not just medicare issue. it is a healthcare spending issue in this country that's tough on businesses, tough on individual. so if we can do something to help slow that rat
and if we even need a grand bargain at this point since the peak in 2009, deficit is coming down. there is a new report out from president's council of economic advisors saying if we are able to hold medicare to growth rate over the past five years, it has actually been doing well and would go a long way to closing the budget gap. what are you looking for? do we even need a grand barring on right now? >> can couple of things. number one, i think it would be better if we had a grand...
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Mar 21, 2013
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more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the issue of benghazi. [indiscernible] republicans planning further review? are you planning more subpoenas? >> there are members who wanted to compare notes on what we know and what we do not know. frankly there is a lot we still do not know. it was a friendly exchange of information, and some decisions about a way forward. [indiscernible] on what happened prior to september 11, what actually happened on september 11, and then why it was described for weeks as some think it was not, when the people who were watching this knew it was a terrorist attack. . included cushions for programs like border control to help them get by this question, but it does not do anything to prevent layoffs for traffic controllers per couldn't congress have done more for leaving -- before leaving on its recap -- on its recess the prevent these layoffs? but listen, under this bill, some agenc
more revenue in than any year in our history, and yet we will still have a trillion- dollar budget deficit. does not anybody realize there is a problem here? >> i understand you met with some of your senators and members on the issue of benghazi. [indiscernible] republicans planning further review? are you planning more subpoenas? >> there are members who wanted to compare notes on what we know and what we do not know. frankly there is a lot we still do not know. it was a friendly...
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Mar 21, 2013
03/13
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and david leonhardt, author of "here's the deal: how washington can solve the deficit and spur growth." i am pleased to have them both on the program. what's the headline coming out of bernanke's press conference? >> i think steady as it goes is the main headline. the fed is going to continue to buy these bonds it has been buying at about the same pace. it's going to continue doing it until sees unemployment fall to about 6.5%. i don't think there are any changed today. i think the most interesting part of the news conference was when bernanke wanted to stay on in the job. although he refused to answer the question he said he and president obama had spokeeb about it "a bit." i think it's interesting to think about the idea he and obama have talked about whether he wants a third term and how inclined obama is to give it to him. >> rose: i would think if obama is talking to him about it it suggests will obama would like for him to continue. >> i think that's a good assumption. i think obama clearly likes bernanke and thinks on the whole bernanke has done a good job. he has made the same
and david leonhardt, author of "here's the deal: how washington can solve the deficit and spur growth." i am pleased to have them both on the program. what's the headline coming out of bernanke's press conference? >> i think steady as it goes is the main headline. the fed is going to continue to buy these bonds it has been buying at about the same pace. it's going to continue doing it until sees unemployment fall to about 6.5%. i don't think there are any changed today. i think...
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Mar 21, 2013
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because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all $250,000 of your dollars, they were going to take a piece of that. that was the earlier proposal from earlier this week and that's what they thought would worry the italians and the span yards that they didn't even have insurance protection like they thought they did. that proposal has since been voted down, gone away. the banking situation here is unique compared to italy and spain. it's just so much bigger, it's not really comparable. >> thank you so much, michelle, we greatly appreciate it. and thank you, rona, we appreciate it as well. i think we learned some
because, you know, there's kind of a trust deficit here now. if i was living in spain or italy, i might be thinking about putting my money someplace aside from a shaky bank right now. >> reporter: so the trust deficit stems from the original proposal was that they should tax not just uninsured deposits, but also insured deposits. imagine if you were living in the united states and even though we have fdic insurance up to $250,000, you were told that actually you're not going to get all...
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Mar 18, 2013
03/13
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you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there, by the way, is a chance on a deal. i know the president is saying the ri
you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >>...
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Mar 21, 2013
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>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and right here and now for our seniors, then that is what we should do on its own table. it should not be anything related to balancing the budget for the republicans said they can continue to give tax breaks to their special interest friends at the expense of america's seniors and people who are dependent on medicare, medicaid, and social security. nobody cares more about the sustainability of those initiatives than the democrats. intellectual property of the democrats to begin with. they have been sustained by democrats over the years. we need them to be strong, but we need to have that discussion se
>> they want to use medicare and medicaid and social security to reduce the deficit? >> they want entitlement reform. this would be in exchange for the deficit reduction. >> you realize how harmful this would be. f we are to have [indiscernible] in order to sustain social security for a long period of time, recognizing the demographic shift that is happening. if we are going to strengthen medicare as we did with our bill, use the savings to put back in for more benefits and...
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Mar 22, 2013
03/13
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aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. third point that i am passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value iraqe 6658 lives lost in and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 million, so o
aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. third point that i am passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and...
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Mar 22, 2013
03/13
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aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value of the 6658 lives lost in iraq and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 million,
aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. amthird point that i passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the...
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Mar 18, 2013
03/13
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washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with yo
washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to...
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Mar 21, 2013
03/13
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they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black neighborhoods on the south and west sides of chicago. and you didn't listen to us. there was no consensus about which areas and which schools should be closed. so it's causing some big issues, beyond money. >> i would suspect that parents are concerned about their children's safety, too. because these children now have to be transported farther to school. they can't go in their own neighborhoods. >> and besides the issue that we have with guns, we can talk about. but, yes, safety, just outside of that issue, where are the resources going to go? which schools? in
they've got a $1 billion budget deficit. so he has to do something. but the problem is, what does he do? at the beginning of the school year, some people are saying they got off easy with just 50 schools, carol. at the beginning of the school year, they said they were going to close potentially 80 to 120 schools. so it's causing issues. there's no money. also, racial issues in the city, because black alderman are saying, we got you elected and now you are closing most of these schools in black...
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. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you believe that? >> beat his old team, the cleveland cavaliers 98-95. a triple-double. 12 boards, 10 assists. the heat are now within nine games of the nba record for consecutive wins held by the '71-'72 los angeles lakers. >> do you think they'll do it? >> no. they almost blew it against the celtics, almost blew it against the cavs. they are the best team i've seen in years. i don't think they should ever lose necessarily but that's a lot of games to win in a row. >> i can't believe they were down that much and came back. >> i can't believe you can do that every night. >> i think they're doing it on purpose. >>> recovered
. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you...
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Mar 20, 2013
03/13
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his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in republican presidential primaries lately. sorry about that. how would those issues stack up in new hampshire and iowa and south carolina and florida? >> i think the politics, his politics on pure fiscal issues will have tremendous resonance as his father experienced in some primary states and caucus states. i think what is untested is -- from a -- from a political standpoint is his position on foreign policy. his father never really broke through on the neoisolationist politics at the grassroots level beyond a narrow segment of the electorate. rand who i've spent time talking about these issues is much salvie
his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in...
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Mar 25, 2013
03/13
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the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its terrestrial and space assets in response to a conflict situation. last year those games concluded, as they have several times in the past, that dod relies on commercial satellite companies -- their reliance is considerable and that a crisis is the wrong time to try to establish clear lines of communication with your major partners and suppliers. i suspect the same conclusion can be safely applied to the topics that we're discussing today. while governments were first to send satellites to near-earth space, commercial enterprise will be the primary use of the orbital arc in the 21st century. government and s
the information exists, but the lack of a communication ability to translate that is a significant deficit. for highly uncommon events such as an asteroid fly-by, there's simply no established communication mechanism. i believe our flight operations team learned of da-14 when they received a courtesy call from a colleague at the aerospace corporation. last year the commercial satellite industry participated in dod's war games designed to exercise dod thinking about the deployment of its...